Prominently positioned on Carterton's main street, this substantial commercial property represents an exceptional opportunity for investors seeking a strong, well-located asset in the heart of the Wairarapa. With three established mixed tenancies (retail and farm supply) already in place and the possibility to introduce a fourth, the property offers both a secure income and room for future growth. Occupying a generous 2,784m2 (more or less) site with a total building area of 1,240m2 (more or less), this property benefits from dual access - a valuable advantage that enhances operational flexibility for tenants and ease of access for customers. Strategically located in Carterton, the property enjoys more than just local prominence. With direct access to State Highway 2, it forms part of a key logistics and transport corridor linking Wellington, the Wairarapa, and the wider lower North Island. This strategic positioning strengthens its appeal to both investors and businesses looking for long-term regional connectivity and visibility. With a 70-95% NBS rating, the combination of a healthy rental return, the potential for an additional income stream, and an enviable main-street location makes this an opportunity that truly stands out in the Wairarapa commercial market.
Key Features
- Three mixed tenancies - retail + farm supply
- Possibility to secure a fourth income stream
- Combined annual net income of $104,747.87 + GST
- 7% Yield
- Dual street access for flexible movement and parking
- Total land area: 2,784 m2
- Total building area: 1,240 m2
- 70-95% NBS rating
- Prime main street exposure
- Situated on State Highway 2 - a vital North Island logistics link
A versatile, income-generating commercial investment in a high-growth regional centre, this property offers the perfect balance of immediate returns and future potential. Whether you're a seasoned investor expanding your portfolio or seeking a strategic foothold in the Wairarapa, this is an opportunity not to be missed. For more information or to arrange a viewing, contact me today.
